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ISRAR'S CHANNEL
Pakistan
เข้าร่วมเมื่อ 17 มี.ค. 2020
This Channel is for learning and Educational purposes, particularly for business students and professionals in Business Management, Marketing and Supply Chain Management.
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#learningwithisrar
Please Subscribe my Channel and also Share with Friends.
#learningwithisrar
Types of Procurement Contracts
Types of Procurement Contracts :-
Procurement Process:-
Procurement is the process of acquiring goods and services for a business to operate.
It involves a number of activities, including:
Identifying needs
Selecting sources
Preparing and awarding contracts
Administering contracts
Receiving and inspecting goods
Keeping records of the process
Advantage of knowing Types of Procurement Contracts:-
• Allocate Risks Appropriately:
• Control Costs:
• Define Roles and Responsibilities:
• Enhance Supplier Relationships:
• Improve Decision-Making:
• Adapt to Procurement Requirements:
• Ensure Compliance and Accountability:
Types of Procurement Contracts:-
1-Fixed-price contracts:
Firm fixed-price (FFP):
Fixed-price & incentive fee (FPIF):
Fixed pricing with economic price adjustment (FPEPA):
2-Cost-Reimbursable Contracts:
Cost plus fixed price (CPFP):
Cost plus incentive fee (CPIF):
Cost plus award fee (CPAF):
3-Time and materials contracts:-
Some other Types of Procurement Contracts:-
Unit Price Contracts
Indefinite Delivery Contracts (IDC)
Lump Sum Contracts
Framework Agreements
#supplychainmangement #procurementmanagement #supplychainmanagement #supplychain #procurement #logisticsmanagement #contract #procurementcontracts #fixedprice #reimbursement #timeandwork #timeandmaterial
Procurement Process:-
Procurement is the process of acquiring goods and services for a business to operate.
It involves a number of activities, including:
Identifying needs
Selecting sources
Preparing and awarding contracts
Administering contracts
Receiving and inspecting goods
Keeping records of the process
Advantage of knowing Types of Procurement Contracts:-
• Allocate Risks Appropriately:
• Control Costs:
• Define Roles and Responsibilities:
• Enhance Supplier Relationships:
• Improve Decision-Making:
• Adapt to Procurement Requirements:
• Ensure Compliance and Accountability:
Types of Procurement Contracts:-
1-Fixed-price contracts:
Firm fixed-price (FFP):
Fixed-price & incentive fee (FPIF):
Fixed pricing with economic price adjustment (FPEPA):
2-Cost-Reimbursable Contracts:
Cost plus fixed price (CPFP):
Cost plus incentive fee (CPIF):
Cost plus award fee (CPAF):
3-Time and materials contracts:-
Some other Types of Procurement Contracts:-
Unit Price Contracts
Indefinite Delivery Contracts (IDC)
Lump Sum Contracts
Framework Agreements
#supplychainmangement #procurementmanagement #supplychainmanagement #supplychain #procurement #logisticsmanagement #contract #procurementcontracts #fixedprice #reimbursement #timeandwork #timeandmaterial
มุมมอง: 214
วีดีโอ
Freedom | Free will | Free Will vs Determinism |
มุมมอง 43วันที่ผ่านมา
Free Will VS Determinism #freewill #determination #determinism #freedom #philosophy #philosophie #philosopher
The Role of Procurement in Enhancing Supply Chain Resilience
มุมมอง 51วันที่ผ่านมา
The Role of Procurement in Enhancing Supply Chain Resilience :- Supply Chain Resilience is the ability of a supply chain to prepare for, adapt to, and recover from unexpected disruptions, ensuring continuity and efficiency in operations. Having SC Resilience is very critical in today's volatile business environment, where risks such as natural disasters, geopolitical conflicts, pandemics, and c...
EOQ | ECONOMIC ORDER QUANTITY |
มุมมอง 98หลายเดือนก่อน
In Inventory Management, inventory replenishment is very important to avoid over stocks or stock-outs. So for inventory optimization, there two very important questions. 1- When to Order? 2-How much to Order? So timing and quantities are the points which we need to know. For when to order is Re-ordering Point or Level and for quantity, we have to calculate Economic Order Quantity ( EOQ) EOQ sta...
VALUE CHAIN ANALYSIS | VALUE CHAIN ANALYTICS | SUPPLY CHAIN
มุมมอง 115หลายเดือนก่อน
VALUE CHAIN ANALYSIS VALUE CHAIN ANALYTICS SUPPLY CHAIN. A value chain is the series of business activities a company performs to create a product or service from start to finish. The idea of a value chain was introduced by Michael Porter in his 1985 book, Competitive Advantage: Creating and Sustaining Superior Performance. The value chain identifies each activity where value is added - such as...
LOGISTICS MANAGER SKILLS | LOGISTICS MANAGEMENT
มุมมอง 121หลายเดือนก่อน
SKILLS TO BECOME THE BEST LOGISTICS MANAGER:- In the dynamic and complex world of global business, a Logistics Manager stands as the pivotal force driving the efficiency and effectiveness of supply chain operations and its role demands a robust set of skills those marry precision with agility, ensuring that goods are moved in the most optimal way from source to the end customer. Mastery in this...
Project Procurement Management | Project Procurement Management vs General Procurement Management
มุมมอง 1222 หลายเดือนก่อน
Project Procurement Management vs General Procurement Management Procurement Procurement Management Project Procurement Management General Procurement Management Importance for Procurement Professionals to know the difference between both Key Differences Planning: Scope: Focus: Suppliers Selection: Time Frame Processes Risk Management Contract Types Stakeholders Involved Monitoring and Control ...
Inventory Management Costs | Types of Inventory Management
มุมมอง 1112 หลายเดือนก่อน
Inventory Management costs Types of Inventory Management Costs 1-Ordering or Procurement Costs 2. Inventory Holding or Carrying Costs 3. Stock-Out or Shortages Costs 4. Damage & Spoilage Costs #supplychainmangement #supplychainmanagement #procurementmanagement #inventorymanagement #inventory #inventorycontrol #inventorysystem #inventorycosts #orderingcost #holdingcost #carryingcost 5. Inventory...
Internet of Things | I oT | Internet of Things in Supply Chain Management
มุมมอง 1302 หลายเดือนก่อน
Internet of Things I oT Internet of Things (I oT) in Supply Chain Management Key Components of I o T Devices/Things: Sensors: Connectivity through Internet: Data Processing: User Interface/Control Key IoT Applications in SCM Real-time Tracking and Monitoring of movement of goods in SC Real-time Tracking and Monitoring of Inventory Levels at different Locations Smart Warehousing and Automation R...
Types Of Warehouses in Supply Chain Management
มุมมอง 1432 หลายเดือนก่อน
Types Of Warehouses in Supply Chain Management It is very crucial for Supply Chain and Logistics managers to understand the different types of warehouses because each type serves a distinct role in optimizing the storage, handling, and distribution of goods. Reasons to know the types of warehouses for SC and Logistics professionals 1-To Improved Efficiency and Cost Savings 2- To Meet Specific S...
FRAMEWORK AGREEMENTS IN PROCUREMENT | PROCUREMENT AGREEMENTS
มุมมอง 2762 หลายเดือนก่อน
FRAMEWORK AGREEMENTS IN PROCUREMENT INCLUDE: Concept of FRAMEWORK AGREEMENTS in Procurement Why these Agreements are called FRAMEWORK AGREEMENTS Setting up of FRAMEWORK AGREEMENTS Types of FRAMEWORK AGREEMENTS Characteristics of FRAMEWORK AGREEMENTS Best Situations for doing FRAMEWORK AGREEMENTS Benefits of FRAMEWORK AGREEMENTS #supplychainmangement #procurementmanagement #supplychainmanagement...
Sources of DATA in Supply Chain Management
มุมมอง 723 หลายเดือนก่อน
Sources of DATA in Supply Chain Management Identification of Internal and External sources of data from where SC Analysts collect data for SC Data Analytics. Identification of SC Sources by an overall Framework of supply chain management using Data Analytic. 4 Main Areas of a supply chain Data Suppliers Data, Manufacturing/Operations Data, Delivery/Distribution Data Customers Data Identificatio...
Data Science in Supply Chain Management | Data Analytics in SCM | Role of Data in SCM
มุมมอง 1563 หลายเดือนก่อน
Data Science in Supply Chain Management Role of Data Analytics in Supply Chain Management Its main role in Supply Chain Management to: Identifying loopholes(Weak Links) in SC Optimizing Operations, Enhancing efficiency. Improving decision-making Selecting Right Partners/ Suppliers Processing Huge/Big Data Role of Data Analytics in different Components of Supply Chain Management.:- Demand Foreca...
TOTAL COST OF OWNERSHIP (TCO) IN PROCUREMENT
มุมมอง 2323 หลายเดือนก่อน
TOTAL COST OF OWNERSHIP (TCO) IN PROCUREMENT WHAT IS TOTAL COST OF OWNERSHIP (TCO) IMPORTANCE IN PROCUREMENT AND SCM Holistic Approach Decision-Making More Accuracy in Budgeting Supports Investment Justification Mitigating Future & Hidden Costs Avoiding Low-Quality Purchases More Operational Efficiency Promotes Better Lifecycle Management Better Suppliers Selection THE COMPONENTS OF TCO. 1. Acq...
Reorder Point | ROP | Reordering Level in Inventory Management
มุมมอง 1843 หลายเดือนก่อน
Reorder Point ROP Reordering in Inventory Management Reordering Point or Level Formula #supplychainmangement #supplychainmanagement #inventory #inventorymanagement #inventorymanagementsystem #procurementmanagement #supplychainoptimization #supplychain #safetystock #demand #shortage #erp #leadtime #reorder #reorderpoint
Supply Chain Mapping | What is Supply Chain Mapping |
มุมมอง 3063 หลายเดือนก่อน
Supply Chain Mapping | What is Supply Chain Mapping |
Supply Chain Analyst | Functions of Supply Chain Analyst |
มุมมอง 2453 หลายเดือนก่อน
Supply Chain Analyst | Functions of Supply Chain Analyst |
PROCUREMENT CONTRACTS MANAGEMENT | TYPES OF PROCUREMENT CONTRACTS
มุมมอง 4623 หลายเดือนก่อน
PROCUREMENT CONTRACTS MANAGEMENT | TYPES OF PROCUREMENT CONTRACTS
Data Analytics | Supply Chain Analytics | Business Analytics | Business Analytics in Supply Chain
มุมมอง 3333 หลายเดือนก่อน
Data Analytics | Supply Chain Analytics | Business Analytics | Business Analytics in Supply Chain
PROCUCEMENT VALUE & WAYS TO ADD VALUE TO PROCUREMENT
มุมมอง 2004 หลายเดือนก่อน
PROCUCEMENT VALUE & WAYS TO ADD VALUE TO PROCUREMENT
WAREHOUSE OPERATIONS | IDEAS TO MAKE WAREHOUSE OPERATIONS EFFICIENT AND PRODUCTIVE
มุมมอง 1434 หลายเดือนก่อน
WAREHOUSE OPERATIONS | IDEAS TO MAKE WAREHOUSE OPERATIONS EFFICIENT AND PRODUCTIVE
Category Management | Components and Benefits of Category Management
มุมมอง 594 หลายเดือนก่อน
Category Management | Components and Benefits of Category Management
PROCUREMENT STRATEGIES | PROCUREMENT METHODS | PUBLIC PROCUREMENT STRATEGIES
มุมมอง 3414 หลายเดือนก่อน
PROCUREMENT STRATEGIES | PROCUREMENT METHODS | PUBLIC PROCUREMENT STRATEGIES
TYPES OF INVENTORY | INVENTORY MANAGEMENT
มุมมอง 1595 หลายเดือนก่อน
TYPES OF INVENTORY | INVENTORY MANAGEMENT
INVENTORY MANAGEMENT TECHNIQUES | Inventory management and its Techniques
มุมมอง 2065 หลายเดือนก่อน
INVENTORY MANAGEMENT TECHNIQUES | Inventory management and its Techniques
Operational Challenges to Procurement Professionals | Procurement |
มุมมอง 1256 หลายเดือนก่อน
Operational Challenges to Procurement Professionals | Procurement |
Epistemic Humility | Intellectual Humility | Critical Thinking
มุมมอง 1486 หลายเดือนก่อน
Epistemic Humility | Intellectual Humility | Critical Thinking
Total Quality Management | TQM | SCM | Characteristics of TQM | Implementation of TQM
มุมมอง 1626 หลายเดือนก่อน
Total Quality Management | TQM | SCM | Characteristics of TQM | Implementation of TQM
Fantastic discussion sir
Thanks and welcome
@learningwithisrar Thank you sir for replying me.
Amazing sir
THANKS
very informative and explained really well.
THANKS
Informative thanks sir
So nice of you
Great insight
THNX
Understandable ❤❤
GOOD
Nice
Thanks
This was a really insightful video. Thanks for sharing!🎉
THNX
Concept of determinism actually makes more sense to me rather than free will(could be wrong)
THNX FOR UR FEEDBACK
Well said , and clear the concept and confusion about it
GOOD
🎉🎉
Well said
Nice❤
Thank you.This is so precise and explained simply.
Thanks 😊
Thank you so much Sir. Valuable information Sir.
Most welcome
Any of having Specific Material for EPADs Tendering Process........??
Any of having Specific Material for EPADs Tendering Process........??
Thanks, nicely explained the responsibilities of a Logistics manager .
Sir how we will demand the forecast via AI.
You have to use software..like BI
Can I get KPI of Lab? Chemical Testing Lab supporting a Manufacturing Plant
Let me check
KPIs of a lab of a manufacturing Setting:- For a laboratory in a manufacturing setting, KPIs (Key Performance Indicators) focus on quality control, efficiency, safety, and compliance. Here are some typical KPIs: • Sample Testing Turnaround Time: Measures the time taken from receiving a sample to providing results, impacting production efficiency and decision-making. • On-Time Release Rate: Percentage of samples released on or before the scheduled time, critical for maintaining production timelines. • Error Rate: Tracks the number of errors in test results or sample handling, aiming for accuracy and reducing rework. • Equipment Utilization Rate: Percentage of time equipment is in use, reflecting how well resources are managed. • Test Accuracy and Precision Rate: Measures the reliability and consistency of test results, which is vital for product quality. • Compliance Rate: Tracks adherence to regulatory and industry standards, such as ISO or GMP (Good Manufacturing Practices). • Cost per Test or Sample: Monitors the cost efficiency of laboratory operations, useful for budgeting and cost control. • Safety Incident Rate: Tracks any lab-related accidents or safety violations, with the aim of minimizing risks. • Sample Rejection Rate: Percentage of samples rejected due to contamination, improper handling, or other quality issues. • Training Compliance Rate: Percentage of staff completing required training, ensuring skills and safety knowledge are up to date.
TIMWOODS...
Nicely explained
Thanks 😊
Thanks for the very informative video. Nice effort ❤
Thanks 😊
Very informative Sir, a must listen for everyone these days. 👍👍
Thanks.. Yes Sure
🎉🎉
Sir do u have slides pdf of these ?
I have to find out..
Very informative video
Thanks 😊
Loved watching the video also due to the topic and the images used behind every warehouse type A suggestion: The text in front of the image is not that much clear, I think using some background behind the text would look better. Thanks
Thanks...let me see how i can make a better background
Surely these are some important concepts to understand for today's Market
Well received sir, Thank you for your effort.
Thanks
Sir may I contact you on your WhatsApp number if you allow me. Kindly inbox.
Sir Israr, an ocean of knowledge about supply chain.
THANKS
Well said
GREAT useful information Sir
Thanks
Amazing sir
Thanks and welcome
Thank you for enhancing my knowledge on supply chain ❤🎧👂💯%
You welcome
Nice sir keep it up
Thanks 😊
such a nice video is this what i was looking for.. thank you
Glad it was helpful!
@@learningwithisrar yes i appreciate for your efforts to make this helpful video for us.
Please fellow logisticians let follow and share this page to every unknown logisticians
Thanks 😊
Very impressive
Thanks 😊
👍
🙂
Asslamo alaikum. Thank you, Could you please consider a video on Vendor's consignment terms & condition, pros & cons ?
Ws..i will try
Could you please explain little bit more.
❤❤
Lectures well received and interesting ❤
Thanks
I listened the audio on procurement strategy very patiently. It's well researched, documented, ponderd and find useful in current business development process in transparent, cost effective and ethical manner for acquisitions of goods and services. Thanks Sir.
You welcome ☺
Informative video sir
So nice of you
Amazing thanks for such a great video
Thanks
👆👌👏
Thank you sir for explaining the concept in a simpler way.
Thank you for the well explained concept
Thanks 😊